Question

what is conversion of consistency? Does this convention help users in making more valid comparisons between business.​

Answer 1

Answer:

The consistency principle states that once you decide on an accounting method or principle to use in your business, you need to stick with and follow this method or principle consistently throughout your accounting periods.

Answer 2

Answer:

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In accounting, the convention in consistency is a principle that the same management accounting principles should be used for preparing financial statements over a number of time periods